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The global tumor ablation market size was valued at USD 1.9 billion in 2023, with Asia Pacific holding a significant market share. The market is driven by the increasing incidence of cancer and the rising preference for minimally invasive procedures. It is expected to grow at a CAGR of 14.2% during the forecast period of 2024-2032, with the values likely to attain USD 6.3 billion by 2032.
Tumor Ablation Market Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Asia Pacific tumor ablation market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 14.2% during the forecast period of 2024-2032 and is likely to reach a market value of USD 6.3 billion by 2032.
The increasing incidence of cancer and the growing preference for minimally invasive procedures are fuelling the demand for the market.
One of the significant trends in the market is the rising introduction of innovative tumor ablation technologies in healthcare settings. In November 2023, IceCure Medical Ltd., received approval from the Central Drugs Standard Control Organization (CDSCO) in India for its minimally invasive cryoablation technology ProSense® System based on the updated regulatory requirements.
Based on the technology, the market is segmented into radiofrequency ablation, microwave ablation, cryoablation, and irreversible electroporation ablation, among other ablation technologies.
By mode of treatment, the market is divided into surgical ablation, laparoscopic ablation, and percutaneous ablation.
End users of the market are hospitals and cancer specialty clinics, among others.
Major applications of tumor ablation include kidney cancer, liver cancer, breast cancer, lung cancer, prostate cancer, and bone cancer.
The market segmentation by countries includes Japan, India, ASEAN, and Australia, among others.
The key players in the market are EDAP TMS, Medtronic plc, Boston Scientific Corporation, AngioDynamics, Inc., Merit Medical Systems, Inc., Abbott, Hologic, Inc., HealthTronics, Inc., SonaCare Medical, IceCure Medical Ltd., and Monteris Medical Inc.
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